I've been dropping hints in previous columns about the FairTax proposal. Now the time is ripe to examine this idea.
Why now? Because a definitive new book called "The FairTax Book" has hit the bookstores. Its authors are Neal Boortz, who may be the most articulate radio talk show host in America, and Rep. John Linder, a high-ranking Republican congressman from Georgia.
Just as projected, the book already has soared to the top of Amazon.com's rankings. It's stirring up debate -- and support -- across the country.
First, a look at the authors. Boortz isn't just another talking head who's written a book. Years ago in Atlanta, he doubled as a successful attorney and local talk radio host. He now enjoys national syndication of his morning show.
I challenge readers who live in cities that carry his program to tune in. They'll quickly find Boortz less predictable and more intellectually challenging than many talk radio icons.
Linder is a serious, studious man who has dedicated his life to public service. A dentist by training, he became a successful businessman while serving for years in the Georgia legislature and later in Congress.
The pedigree of the authors alone virtually ensures success for "The FairTax Book." Before its shelf life is up, perhaps the public's reaction to the book will trigger something big -- a truly innovative policy idea getting serious consideration in Congress.
That won't happen easily. Understanding the FairTax takes not only a mind, but an open one at that -- all the more reason to have Boortz and Linder spell things out and get the meaty discussions going.
I can hardly do justice to the FairTax argument in this limited space, but here's an attempt at a quick summary:
The FairTax would eliminate the federal income tax and the IRS along with it. Concurrently, it would establish a national sales tax on retail consumption.
It would eliminate the current crazy quilt of indecipherable tax code regulations that bogs down businesses and befuddles families.
It would make each of us the master of our own financial destinies. If you want to spend your money, that road is wide open to you with the FairTax. You'll certainly have more take-home pay.
If you want to save instead, you won't be penalized for having rightfully earned your money in the first place.
Readers can learn far more by picking up a copy of the book.
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